

$9 Billion Bitcoin Sale Stress Tests the Market—and Passes
7 snips Jul 29, 2025
A recent $9 billion Bitcoin sale saw 80,000 BTC change hands, sparking speculation about the mysterious seller. Surprisingly, the market absorbed the sale with minimal impact, showcasing increased stability in cryptocurrency. The discussion highlights ideological divides among OG Bitcoiners and raises questions about estate planning versus capitulation. It also examines what this significant transaction signals for sovereign reserves and institutional confidence in Bitcoin's future.
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Market Absorbs Massive Bitcoin Sale
- Galaxy Digital executed the sale of 80,000 Bitcoin worth $9 billion, one of the largest OTC deals ever.
- The Bitcoin market absorbed the sale with only a brief 3% price move before quickly recovering.
Bitcoin Liquidity Attracts Sovereigns
- The $9 billion Bitcoin sale highlights the increasing liquidity and depth of the Bitcoin market.
- This liquidity is key to attracting large sovereign reserves and institutional buyers into Bitcoin.
Origins of Sold Bitcoin Are Unclear
- The Bitcoin sold came from an ancient wallet linked to the MyBitcoin exchange, dormant since 2011.
- It likely involves Bitcoin from a hack or founder, but exact ownership remains uncertain.